Queensland Law Society

Property law changes to benefit buyers, developers, property market

Date 10 Sep 2014
Contact Natalie Graeff, Communication Manager
Phone 07 3842 5868
Mobile 0488 433 884
Email n.graeff@qls.com.au

Queensland Law Society today welcomed the passing of changes to land sales laws that included a number of the Society’s recommendations.

President Ian Brown said changes passed last night to the Land Sales and Other Legislation Amendment Bill 2014 would benefit buyers, developers and the Queensland economy.

“The changes will improve the level of disclosure for buyers so they can make well-informed purchase decisions,” Mr Brown said.

“Developers will benefit as the changes provide more certainty regarding transaction requirements and technical definitions so projects can proceed with greater confidence.

“We expect these benefits will contribute to the strengthening and growth of Queensland’s property market.

“These changes are the result of an effective consultation process.

“We are pleased to note that a significant number of issues Queensland Law Society raised were addressed and our input recognised in parliament.

“Property transactions are significant financial undertakings and we encourage people to consult a solicitor well before committing to anything.”